DHL Parcel UK Limited agree to acquire an unknown minority stake in Evri Limited from Apollo Global Management, Inc. (NYSE:APO) on May 14, 2025. DHL Group will acquire a significant minority stake in Evri. Following completion, Martijn de Lange will lead the combined business in the UK, with Stu Hill, currently CEO of DHL eCommerce UK, becoming MD of Evri?s Premium DHL network business. DHL eCommerce UK will be rebranded as Evri Premium a network of DHL eCommerce. It will continue as a separate, secure network focused on high-value and large items. DHL?s UK Mail operation will become part of the combined group, and Germany-headquartered DHL Group will acquire ?a significant minority stake? in Evri as part of the deal. The DHL eCommerce UK executive team will also join the new group. Evri will continue to be majority owned by Apollo-managed funds. Completion of the transaction and the outlined partnership are contingent upon closing conditions, including customary regulatory approvals. The businesses of DHL Express, DHL Supply Chain and DHL Global Forwarding in the UK are unaffected by this transaction and will continue to operate as they do at present. The transaction is subject to approval by The Competition and Markets Authority

Nicole Kar, Annie Herdman and David Carmona of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Evri Limited. Sushil Jacob and Emma Simpson of Linklaters LLP acted as legal advisor to DHL. Jonathon Hamill and Gerald Brant of Sidley Austin LLP, London and Sidley Austin LLP acted as legal advisor to Evri.